The president of La Liga, Javier Tebas, has questioned whether or not the Premier League is financially sustainable in the long run provided that it has “transformed into a contest the place all golf equipment lose cash”.
Speaking at a convention about find out how to defend European soccer’s ecosystem, Tebas additionally promised to struggle the foundations that enable Premier League golf equipment to “distort” the switch market by spending large sums on gamers regardless of making losses.
During the 2022 summer season switch window the web spend of the Premier League surpassed £1bn for the primary time, in response to Deloitte, which famous that English golf equipment have been chargeable for 49% of spending throughout the massive 5 leagues in the course of the window, the best proportion since 2008.
Tebas questioned whether or not such spending was sustainable as he referred to as for English soccer to face comparable guidelines to Spain and Germany. “What I’m fearful about is the Premier League, and I’ve been fearful for a few years now,” he mentioned. “But now it is transformed into a contest that has losses yearly. All golf equipment lose cash. There isn’t any sustainability within the Premier League. The Premier League isn’t a financially sustainable mannequin.”
He added: “They are financed by the house owners however with huge quantities of cash and that’s distorting the market. They get extra revenue, OK. But you lose cash. And you are injecting one and a half billion yearly. What does it imply? It means you are not sustainable in any respect.”
A big majority of Premier League golf equipment made a loss in the course of the 2020-21 monetary yr, the newest for which all accounts can be found, however three members of the present prime flight reported a revenue: Wolves, Leeds and Manchester City.
La Liga says that underneath its guidelines since 2013 golf equipment should not allowed to register gamers if they’re working at a loss, and should spend inside the technique of their annual revenue throughout switch home windows. Tebas made it clear that he would love comparable guidelines utilized to the English recreation.
“You want monetary sustainability,” he mentioned. “We can compete with the Premier League with none drawback in any respect. I’m not fearful about the truth that the fifteenth place workforce within the Premier League indicators a Spanish participant. I’m fearful about the truth that they signal them after they’re making losses. Because we do not enable our golf equipment to try this.”
Tebas denied a suggestion from a member of the European parliament that the Premier League had grow to be a de facto tremendous league. But he conceded that fairer regulation may have the additional advantage of stopping a breakaway European Super League, given golf equipment reminiscent of Real Madrid, Barcelona and Juventus stay sad with the Premier League’s dominance and spending energy.
“The solely two leagues which are economically sustainable are the Bundesliga and La Liga,” he mentioned. “We must struggle in order that monetary sustainability can also be utilized to the Premier League.”
Tebas additionally predicted that Juventus, Real Madrid and Barcelona would quickly announce revised plans for a European Super League with two classes, together with promotion and regulation. He added that such a plan had been introduced to the European Club Association in 2019 and the golf equipment had determined it “would by no means work”.